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20121219
20121219
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and this brings back sweet memories of when china was very isolated during the cold war. in the end, there's a whole new generation of people who have been much more sophisticated understanding, but that i would say it's a very strong autonomic response to the united states beefing up its forces in australia and then they wake up one morning and burma has flipped on them. it was eternal in terms of their faithful allies. these things caused a lot of consternation. so the old fear of diagnostically speaking in china is to fear with sand and travel without. these things happening around them excite them. >> how much does it add to that anxiety is that all? >> is the most problematic relationship now in japan and this is not good. i have to say i think japan probably hasn't played this as well as it might have, but i think on the other hand it would be fair to say also that it serves china's purposes to have something happening outside his orders which can rally people at home. there's a lot of complex things going on in each of these reactions to foreign movements outside. >> which ma
counterterrorism, and then the u.s. ambassador to china, gary locke, on the relationship between the two countries. >> our first experience was to come in a different way than every other family up here. probably never happen again in history. and it's interesting because after dad was sworn in, we went and took a picture, photo of the family, behind the oval office desk, and that night we didn't get to move into the white house because nixon had left so quickly, so unexpectedly, they left their daughter and son-in-law, david eisenhower, to pack all their clothes and belongings. it literally took seven or eight days. we had to go back to our little house in alexandria, virginia, suburbia, the neighborhood was surrounded by secret service. we had been living there dad was vice president. and i'll never forget. that night mom is cooking dinner. literally, we're sitting around the dinner table, and mom is cooking dinner, and she looked over at my dad and goes, gerry, something is wrong here. you just became president of the united states and i'm still cooking. >> steve ford, linda johnson robb, and j
.s. has slapped duties on wind turbine towers on china on price its says were unfairly cheap. this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of con
tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swis
. china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and
Search Results 0 to 4 of about 5